427/1A Glenelg Street, South Brisbane QLD 4101

Property Details: • Type: Studio

• Bedrooms: 0 • Bathrooms: 1

Description: I am pleased to present an extremely rare investment opportunity within the Iconic Rydges Hotel South Bank Located in cultural precinct of Brisbane. Walking distance to the CBD, art galleries, museum, performance center, casino and more.. We are currently offering a 34 sqm Studio, exclusively available to astute investors seeking a secure and hassle-free income stream. SMSF Positioned on the 4 floor, this impressive room features east aspect with city views. The property is river-facing and overlooks South Bank, offering an iconic location that is difficult to beat. The apartment is in pristine condition and has been immaculately maintained, featuring modern finishes, private balcony, and ducted air-conditioning. This is a truly "set-and-forget" investment, as the suite is managed entirely by Rydges Hotel under a long-term hotel lease, ensuring consistent returns. Additionally, owners can take advantage of an exclusive perk: a 30% discount on hotel room rates for up to 10 days per year. 2025 Income Return $17,061.32 2024 Income Return $17,739.21 Outgoings Brisbane city council $2,026.80 Yearly Urban Utilities $1,183.91,Yearly Sinking Fund Balance $4,206,632.59 Body corporate is paid by the hotel. Hotel facilities, Pool Gym, Sauna, Bar, conference facilities and more. A trusted name for many years, The Antoine Velez Team specializes in the Inner city Brisbane area, having helped countless buyers and sellers achieve their lifestyle and investment goals. Antoine looks forward to meeting you soon to cater for all your real-estate needs. Disclaimer: Ideal Property Co has been furnished with the above information, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.